Actionable Stock Market Trading Newswire. Built for Traders, by Traders.
All news is property of their respective owners.

US Announces Tariffs On Six Countries Over Digital Tax Discrimination

The U.S. imposed 25% tariffs on over $2 billion worth of imports from six countries in retaliation over…
byAnusuya Lahiri
June 2, 2021
1 minute read
Total
0
Shares
0
0
0
0
0
0
  • The U.S. imposed 25% tariffs on over $2 billion worth of imports from six countries in retaliation over their digital services taxes, but immediately postponed the implementation to provide time for tax negotiations, Reuters reports.
  • The execution was held back for up to 180 days, Bloomberg Tax reports.
  • The Organization for Economic Cooperation and Development (OECD) and the G20 are leading the global discussion on taxation of big tech companies.
  • The U.S. Trade Representative’s office acknowledged the approval of the tariffs on goods from Britain, Italy, Spain, Turkey, India, and Austria following an investigation, proving their digital tax discrimination against the U.S. companies.
  • President Joe Biden has proposed a 15% tax on the big tech companies like Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) Google, Amazon.com Inc (NASDAQ:AMZN), and Apple Inc (NASDAQ:AAPL).
 
Total
0
Shares
Share 0
Tweet 0
Share 0
Share 0
Share 0
Share 0
Related Posts
Read More

REIT Earnings Rose 24.6% In 2021: Report

By Phil Hall
Today, 6:15 AM
The total earnings for real estate investment trusts (REITs) in 2021 as measured by funds from operations (FFO) for all equity REITs increased 24.6% year-over-year to $64.8 billion, according to the Total REIT Industry Tracker Series data released by Nareit, the sector’s trade organization.

SPY